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How Can LuitBiz Help A CFO?

Chief financial officers (CFOs) contribute to the strategic growth of a company by involving themselves in the various projects of the company, using their skills and experience. The CFO of a company faces the challenge of using all the tools at their disposal to make sound decisions based upon quantitative evidence. LuitBiz is one software that can be of immense help to a CFO in this regard by helping gain greater insight and exercise control over business operations making their job easier.

LuitBiz helps ensure the accuracy of information, since anomalies and errors can be flagged up. This is crucial when it comes to cash management - particularly as the CFO is likely to be responsible for sizeable budgets. Even minor errors in the data used to support decision making can prove extremely costly when scaled up.

Optimize processes and manage the company's finance function effectively - Consolidating finance data with LuitBiz and using it to provide a real-time view of core business processes, can offer real value to CFOs as they aim to establish a solid foundation for growth. Opportunities for expansion are emerging across a variety of sectors as the recovery kicks into gear, but businesses need to get their house in order first.

Lower Total Cost Of software Ownership - In terms of costs, implementing LuitBiz allows CFOs to identify potential efficiencies, enabling costs to be reduced across companies. In addition, integrating data can render some systems and processes redundant. This means they no longer need to be supported, helping to preserve valuable budgetary resources.

Scale to support growth - Consolidating finance data and using it to provide a real-time view of core business processes, can offer real value to CFOs as they aim to establish a solid foundation for growth. Opportunities for expansion are emerging across a variety of sectors and businesses need to get their house in order first to grab all such opportunities and facilitate business growth.

Optimal use of the company's finance team - LuitBiz integrates data from across departments, or entire organisations, and automates key processes. It removes the need for invoice and order processing to be conducted manually, therefore freeing up the finance team to focus on alternative value-adding tasks.

Availability of consolidated business information - LuitBiz supports multiple companies and CFOs can have access to all relevant information of all relevant locations. Data which exists in silo is of little use to the finance chief - they need to make decisions based upon a range of different variables, each of which is impacted by the others. Centralising data in LuitBiz overcomes this obstacle, and ensures all relevant factors are taken into account before making a financial decision.

A faster and sound business decision - With LuitBiz CFOs can gain real-time insights into exactly what is happening within the finance function and within other arms of the business. This way it is possible to manage income and expenditure more effectively, monitor customer orders and also control stock within the business. The CFO is able to see exactly what is coming into and out of the business, where and when - allowing them to budget and forecast accordingly and plan ahead of time.

LuitBiz helps you plan your Budget by Anticipating Software Costs


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